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Arthur,who works for Peter,sees what he thinks is a good deal for Peter.Without asking whether he has authority to negotiate the deal,Arthur enters into a contract on Peter's behalf.Peter says later that he isn't interested.Is Peter liable on the contract? Is Arthur liable on the contract? Explain.
Unused Capacity
The available but unutilized production or service capacity of a business, often reflecting inefficiencies or missed revenue opportunities.
Time-Driven
Pertaining to methods or systems where actions are scheduled or measured based on time.
Activity-Based Costing
A costing method that assigns overhead and indirect costs to specific activities, providing more accurate information on the real cost of specific product lines, services, or customers.
Number Of Employees
The total count of individuals employed by a company or organization, regardless of their employment status (full-time, part-time, etc.).
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